The smartest read of Chesky’s AI lab is that he learned the exact lesson of Meta’s metaverse: if you’re going to make a bet the market will punish, don’t make it where the market can see it.
This is the trade independent hotels keep making: a major hotel group’s reach in exchange for a fee and a fight to stay distinctive. Palisociety thinks the math works.
UFI, The Global Association of the Exhibition Industry, is moving forward with its plan to host its flagship annual congress in Bahrain later this year. The move signals confidence in the Gulf, despite the recent conflict and ongoing geopolitical tensions impacting the region.
Marriott built one of the most lucrative loyalty programs in travel. Hotel owners who fund the points want more of this year's expected billion-dollar windfall from the co-branded credit cards.
Alchemy announced the sale of the La Quinta Inn & Suites by Wyndham Downtown Chicago, a 230-room hotel in Chicago's Loop. Plus, more hotel deal and development news.
As the brand scales from one Manhattan flagship to a global portfolio, it's hard-coding sleep as its differentiator. Its own answer to whether that travel is more interesting than the question.